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Feb 22 - 06:55 AM

GBP/USD - Reclaims 1.40 Handle Pre-UK Plan To Exit Lockdown

By Rob Howard  —  Feb 22 - 05:34 AM
  • 1.4025 is high water-mark for cable since its early London drop to 1.3980

  • See: nL1N2KS0FB. 1.4025 is a quarter-cent shy of 34-month high in Asia

  • GBP underpinned by BoE rate expectations and UK economic recovery hopes

  • UK PM Johnson to announce roadmap out of lockdown at 1530GMT/1900GMT

  • See: nL1N2KS0GG. Bull targets include 1.4377 (April 2018 high) and 1.5022

  • 1.5022 = Brexit referendum day high (23 June 2016, just after polls closed)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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